Fundraising

The Atlanta-based firm raised $515m for value-add investments in US multi-tenant retail, building on an acquisition-fueled expansion since last year.

The US asset manager is set to raise its largest Asia-focused vehicle to date, with regional head David Fassbender arguing APAC provides ‘true diversification’ for investors.

Overall capital raising has hit a snag this year, but funds under $1bn have displayed the fastest momentum among size groupings.

The Dutch insurer has backed three core and core-plus managers as it further expands its real estate exposure outside of Europe.

The quarter brought in just $30.74bn of capital from funds closed, meaning Q1-Q3 2026 fundraising equates to little more than half of 2025’s full-year total.

The first tranche of capital raised for the vehicle comprises significantly more new relationships and non-US investors than is typical for the fund series.

Capital raised by closed-end private real estate funds remains stubbornly low in aggregate, but assessing fundraising by time spent in market identifies areas of notable momentum.

Investors are applying newfound pressure on expenses and fee structures after years of real estate underperformance.

The $75m commitment builds on the first close for the fund in June, which raised $300m from Dutch investors APG Asset Management and Bouwinvest.

Aggregate capital raised by the largest real estate funds closed dropped by a third from the same period last year.